The company hopes to sell 200,000 low cost laptops in the first year across the country, Patel said.

ACi India offers laptops and PCs in the Indian market with innovative design. Talking about the viability of the project, Patel said, the company will import the product from China and offer products to Indian consumers at a very thin profit margin.

"We will never compromise on quality with price. The range we will be offering are carefully designed and developed just like majority of our models launched both in UK and India," Patel said.

He pointed out that although, India today enjoys a volume sales of around 2.5 million laptops per annum, it is still barely 10 percent of what Western countries like UK and other leading European countries are churning out.

Introducing such low-cost computing devices becomes more significant in the wake of various state governments like Tamil Nadu, UP and others announcing to provide laptops for students. The company is looking at offering low cost laptops to these state governments, Patel added.